Achievement: Chairman of Suzlon Energy Ltd, Ranks among top 10 richest men of India.
Tulsi Tanti is the Chairman of Suzlon Energy Ltd, a company dealing in
wind energy. He is one of those first time entrepreneurs who saw
potential in an inchoate idea, ventured into it, and made it big. Today,
he ranks among top 10 richest men of India.
A commerce graduate and a diploma holder in
engineering, Tulsi Tanti originally hails from Gujarat and is presently
based in Pune, Maharashtra. Tulsi Tanti was earlier into textiles. He
started his textile business in Gujarat. But he found that the prospects
stunted due to infrastructural bottlenecks. The biggest of them all was
the cost and unavailability of power, which formed a high proportion of
operating expenses of textile industry.
In 1990, Tulsi Tanti invested in two windmills and realized its huge
potential. In 1995, he formed Suzlon and gradually quit textiles. Suzlon
Energy is the sixth largest wind energy company in the world and the
largest in Asia. It is presently building what will be among the world's
largest wind parks of its kind at 1,000 MW capacity.
Suzlon is currently concentrating on global expansion drive. It
recently acquired Hansen Transmissions, a Belgian maker of wind-turbine
gearboxes. Suzlon is also building a rotor-blade factory in Minnesota
and has invested $60m in a factory in Tianjin, China. Tulsi Tanti is
poised to make India a wind-power export hub.